Università Cattolica del Sacro Cuore
MSc in Actuarial Sciences, Risk and Data Analysis
Milan, Italy
MSc
DURATION
2 years
LANGUAGES
English
PACE
Full time
APPLICATION DEADLINE
EARLIEST START DATE
Sep 2026
TUITION FEES
EUR 9,370 / per year **
STUDY FORMAT
On-Campus
* 5 May 2026 for non-Eu students | 24 June 2026 for Eu students
** non-EU residents | €6,850 for EU residents per year
Key Summary
About: The MSc in Actuarial Sciences, Risk and Data Analysis at Università Cattolica covers statistical methods and quantitative models for economics, finance, demography, insurance and social security. You’ll learn research design, modeling, forecasting and model validation using data to analyze corporate and socio-demographic systems. Università Cattolica hosts more than 126 nationalities across four international campuses.
Career Outcomes: Graduates gain tools for roles in private companies and public institutions, including banks, insurance companies and welfare organizations. You’ll analyze markets and socio-economic scenarios, manage HR and run statistical analyses. Typical roles include Actuary, Risk Manager, Data Scientist, Quantitative Analyst and Insurance Underwriter.
- Strong knowledge of statistical methodology and its applications in the fields of economics, economic management, finance, demography, sociology, insurance, and social security
- Deep knowledge of mathematical models, specifically probability models to apply to finance and actuarial phenomena as well as economic and corporate sciences
- Deep knowledge of quantitative models in the area of risk management
- Mastery of logic, conceptual, and methodological tools for planning and executing research for the analysis and evaluation of complex systems linked to economies, production, markets, insurance problems, and the environment, with a specific reference to the occurrence of damaging events
- Corresponding ability to build models that explain and foresee phenomena being studied and establish their applicability and validity with data analysis, and therefore a highly qualifying operating ability in the field of quantitative analysis of economic, corporate, socio-demographic, and financial problems related to social security and insurance.
UCSC International Scholarship available to non-EU residents. If they get the scholarship, the yearly tuition fee is € 6,400.
Total ECTS: 120
First Year
- Accounting and Management in Insurance
- Actuarial Life Insurance
- Advanced Calculus and Stochastic Processes
- Data Analysis for Insurance
- Econometrics
- Statistics for Economics and Finance
- Quantitative Methods for Finance
Second Year
- Actuarial Life Insurance
- Actuarial Models for Social Security and Pension Funds
- Economics for Finance
- Insurance Law and Regulation
- Insurance Statistics and Advanced Risk Theory
- Foreign Language (French, Spanish, German, or Italian for Foreign Students)
- Elective Courses
- Final Dissertation
Degree Awarded: Laurea magistrale in Actuarial sciences, risk and data analysis
Graduates will gain methodological knowledge and tools also at an interdisciplinary level that will enable them to fill jobs at high professional levels both in private companies and state or local public institutions; that is to say, in medium and large businesses, banks, insurance companies, and welfare institutions. They will carry out analysis and management of human resources, production, and quality. They will analyze and evaluate markets and socio-economic and environmental scenarios and run a statistical analysis of complex phenomena.
Specifically, the degree in Statistical and Actuarial Sciences prepares for Actuary and Risk Manager.